Use the figure below to answer the following questions. Figure 5.3.1
-Refer to Figure 5.3.1.The efficient quantity is
A)250 units.
B)200 units.
C)150 units.
D)100 units.
E)50 units.

Question

Use the figure below to answer the following questions.  Figure 5.3.1
-Refer to Figure 5.3.1.The efficient quantity is
A)250 units. 
B)200 units. 
C)150 units. 
D)100 units. 
E)50 units.

Quizplus · Accepted Answer

The efficient quantity is typically determined where the marginal cost (MC) equals the marginal benefit (MB). Without seeing Figure 5.3.1, the correct answer cannot be directly identified. However, in standard economic models, the efficient quantity is where these two curves intersect. This explanation is based on general economic principles, as the specific figure is not provided.

Use the Figure Below to Answer the Following Questions